Is My Business Venture A Scam?
My Business Venture Review
Name: My Business Venture (sometimes shortened to MBV)
Owners: Thomas Stridiron CEO
Overall Rank: 8.8 out of 10
My Business Venture Overview
My Business Venture has an A+ rating with the Better Business Bureau and has been in business roughly 25 years. So, is My Business Venture a scam? The short answer, no, it is not a scam. My Business Venture is not an affiliate program. As sometimes MBV often gets compared to affiliate programs. MBV is technology service company that provides a multitude of services for either the Internet, Home-Based, or Mail Order business.
Since we have established that MBV is not a scam right off the bat let’s take a closer look and see if it a good fit for you by detailing what services they provide as well as details pertaining to them.
Let’s get right into this. What is MBV?
Basically, they assist entrepreneurs that are looking to start an online business by providing them all the necessary tools to do that. Offering convenience for a price, I find that price very acceptable for the services they provide. They describe themselves a nationwide technology service company and also I’ve seen them call themselves “Online Web Superstore Program”.
So basically, they build a website for you and support that website in which you sell from a list of their products, which range over 10,000 products in which to choose from. It is a totally complete business you are purchasing.
MBV is not an affiliate program, My Business Venture is a graduated step up from affiliate programs. They fall into the middle of affiliate programs and a person buying a franchise. This is important to understand as they provide an affordable avenue for people with a healthy revenue to invest in a business but not enough money to buy a franchise. I think they have carved out a beautiful little niche area for themselves here, as I think numerous people fall within this range and MBV is there to provide a solution.
They provide a helping hand to people that want to start a home-based business, with the promise from them that your website will be the most advanced out there. So you’re probably wondering what you get if you join up with MBV.
- E-Commerce Enabled – the ability to accept credit card payments right away.
- High-Speed Hosting
- Strategic Marketing Campaigns
- Brand Name Products – in which to promote on your website.
- Automatic Live Product Feed
- Social Media Programs
- SSL Certificate – this is the https that shows a green lock and lets your customers know that your site is secure when checking out.
- Professional Turn-Key Site – The ability to go live within just days.
MBV also provides over 10,000 products that could be potentially be sold on your own website. The products range the gambit from electronics to automotive and just about everything in between.
They set you up and make it easier for a novice. I love the amount of support that is given here as this can be overwhelming to a complete beginner. You can read more about MBV in another post I wrote here, What Is My Business Venture.
What Does MyBusinessVenture Provide?
- Credit Card processing.
- Secure payment gateways.
- Marketing campaigns that are strategic in nature.
- Custom logos
- Social media programs to better manage social media.
- Shopping carts.
What Types Of Product Do They Provide?
- Name Brand Electronics
- Bath and Body
- Indoor and Outdoor
- “As Seen On TV” items
- And many more additional items.
How Much Does My Business Venture Cost?
Well, let’s get right into the nuts and bolts of this, as they provide three plan in which to start from.
- Standard – 2,795.00 startup
- Professional – $2,795.00 one time payment.
- Enterprise – $3,995.00 one time payment.
Initial setup fee is $2,795.00. If you do not have this money, you can put down $495.00 and pay $100.00 per month until you pay off the initial $2,795.00. I love that they give you the option of paying monthly for the setup fee.
Monthly fee of $99.00. Payment processing is bundled with this.
PCI Compliance fee ranges between $35.00 to $174.00 per year.
The Good & The Bad
- My Business Venture might actually turn you away. How is this a good thing? Well, through talking with you and your desires for a business they will determine if they are a good fit for you, if not, they will turn you away. This is how a respectful and honest company they are. Thus saving them grievances down the line as well.
- Extensive inventory of products to choose from in which to sell on your site. Try over 10,000 products.
- Flexible payment plan for startup fees.
- Unlimited support.
- A+ rating from BBB. Can’t get any higher than this.
- Numerous good reviews can be found online about MBV.
- Provides you with everything you should need in running a business.
- You can work on your business part-time, and still, keep your full-time job.
- Products are naturally marked up, but you can adjust these prices to your liking.
- On their website they give you several demo websites to look at, to help you determine if you like their designs as far as the website goes.
- Their YouTube channel has 39 videos that feature reviews, guides, and overviews detailing their platform.
- Profits from determined selling prices fall anywhere between 35% to 200%.
- Unlimited one on one mentoring. I really enjoy tutoring and find it the best way of learning. Love, love, love this.
- Online training and tutorials.
- The support that is available any time of year. 24/7 – 365 days a year. Through online support, telephone support or through email support.
- SSL certificate. Very important for having a commerce site. This is important as they are providing you with a commerce site and you need trust to have people buy from your site, this provides the trust.
- Design a custom logo pertaining to your business.
- No inventory needed.
- Limited to US and Canada residents only.
- Vague information on their own website. I don’t like vagueness when trying to ascertain if the company is legit or not. But with an A+ from the BBB, I feel better about it, as well as the multitude of positive reviews I have read about them.
My Business Venture Tips
No tips are really needed as if you need help MBV is there to provide you the help. Through either of their support features. If you’re paying for this service, advice should be present and plentiful. Don’t be afraid to contact someone for help if needed.
Be sure to ask the overall cost before signing up and to run through all the features. Get a correct understanding of what you are paying as well as the services you are getting. Knowledge is power.
My Business Venture Alternatives
By far, a vastly cheaper and maybe a better for you is Wealthy Affiliate platform. You can read my review here, Wealthy Affiliate Legit Money Maker . It more affordable as well as more all-encompassing. This is the system I use as I have been a member for over a year and I don’t have a bad word to say about them. They teach you step-by-step all the steps to creating and maintaining a website. This method is affiliate marketing.
The great thing is they have a free membership and a Premium membership. So, you can join up with the free membership, no credit card needed either. Just your name and email address. Once you join just add some personal information along with a picture, you’re good to go to take a look around and explore. Be prepared people are really friendly and helpful. Ask questions in chat and look around. They have 100% transparency.
- How to create quality content.
- Proper SEO tactics.
- Classroom, step-by-step training, boot camp and video lessons.
- Creating videos to drive traffic to your site.
- Multiple layers of support. Owners help, community help, and search function. Yes, owner help, I have numerous times got help personally from the owner. His name is Kyle.
- SSL Certification for websites.
- Free websites.
- Motivation – A very important feature and not to be overlooked. The community is the biggest motivator as they provide this to help you keep going and pushing yourself.
- A community that is second to none. This is what pushed me over to going premium at Wealthy Affiliate.
My Business Venture
But just because something is cheaper doesn’t mean it’s a right fit for you. My Business Venture is a system that provides you with an all-encompassing service that frees up the time you need to spend learning how to do something as well as implementing what you learn. I definitely see where some people would just want to pay more money instead of having to learn all this information. It can be very overwhelming.
MBV is not affiliate marketing.
It might be appealing to you to just go with MBV instead of Wealthy Affiliate. As it would take less time to establish your online presence.
Who is My Business Venture for?
Entrepreneurs looking to create an online web presence and having a lot of the work done for you. Everything is streamlined to relieve a lot of the hassle of learning and implementing of running a web-based business. A real selling point for a lot of people.
My Business Venture Tools & Training
Have almost 40 videos on YouTube that highlight reviews of My Business Venture, guides and overviews. The guides are what interest me. Unfortunately, they play background music while viewing the video, which is highly distracting. You can just mute the sound. But kudos for posting some video that some people might find helpful. The more training and tools provided by the company the more I see that they care, as they are investing in their members.
My Business Venture Support
With the money you get top-notch support, this is a relief as many problems take a lot of knowledge and time. With dedicated support staff, problems are easily handled in an efficient time frame. MBV has all the necessary support that comes with a paid service.
Support is an excellent way of judging a company’s legitimacy, using that as an indication, MBV has a solid reputation and can be trusted.
My Final Opinion of My Business Venture
This system ranks as one of my highest ranked ways of earning money online. Providing you with everything you need to flourish and make your passions come true.
If you want a system that provides a complete system to get started building your own business this might be right up your alley. You can fill out the form on their website to have someone talk to you and discuss all the details. Keep in mind you’re going to be paying a premium for these types of features but what you pay is in line with what you will receive.
I highly recommend you go to their website http://www.mybusinessventure.com/highlandermoney/ to receive their free ebook and to receive more information from them. I hope this helps you determine if MBV is right for you.
My Business Venture at a Glance…
Name: My Business Venture
Owners: CEO Thomas Stridiron
Overall Scam Rank: 8.8 out of 10
Hold On, Before You Go…
As mentioned above, if you are looking for a 100% legitimate way to make money, by owning your very own online business. As it provides the best training online along with the most helpful and friendly community online, with all the support to get you building your online business. I highly recommend you read my #1 Recommended Program and sign up to get started today. It is what I use.
What kind of revenues could I expect to make in the first 6 months with MBV versus Wealthy Affiliate?
These are both great methods of earning money online. Both methods take time and work to start seeing results. This is dependent on too many factors, as every person is different, to work ethic, to niche, to knowledge, etc, etc. You cannot effectively tell someone what they could make this amount in this amount of time. It’s just not practical or honest. It just wouldn’t be correct. To many variables. Both methods are proven methods of making money online with. Both methods have people making amazing amounts of money with and both methods have had people that made nothing with them. It pretty much solely on the person building the business and how they run their business. Both methods don’t promise instant success. It takes work and immersion.
I hope this helps you make an informed decision. MBV provides a more hands off approach, which you pay more for (but it’s well worth it), while WA is a more hands on approach where you learn and implement what you learn, building your business basically all by yourself. I love both methods as they both fill a need for a certain type of person.
Let me know if you need more help.
Your post is very detailed. Thanks a lat for being honest with your review on this online program- My Business Venture. In fact today is my first time of hearing about this post. However looking at your review, it looks as if My Business Venture is a very legitimate company, especially since they have been in the system for about 25 years.
I really like the fact that they help you build your own business website and also they have numerous products which you can promote on your website.
My only little problem with My Business Venture is their start up pricing. I mean $2,795.00 being the standard price is not s small thing at all. I think its good for those who are financially well off and some of us who are now beginning as newbies in online entrepreneurship.
I think Wealthy Affiliate which you recommended is worth considering, I will give it a try to see how things work out.
It comes down to the money you have available and the work load. Wealthy Affiliate is cheaper but you’ll be working harder as well. My Business Venture does require more money up front but with less work, this is appealing to many people that want to start a business but not take so long as well.
Both are great companies and both are worth a look.
I was searching the web on how to make money and stumbled upon your website.
This is a very detailed review on BV, but after reading the article, I decided to give wealthy affiliate a shot instead.
The cost was the determining factor for me because I am new to online marketing and I want to at least get my feet wet first, so spending thousands of dollars to get started is an investment that I can’t afford to risk at the moment.
Glad to help you make up your mind on the matter. Some people do have the money and want to work less, either way both of them (Wealthy Affiliate or My Business Venture) are great opportunities to earn money.
I am a former brick and morter small business owner. I was looking for something online and stumbled onto your website. I am familiar with WA but not MBV. Just curious if you use both or just WA and if you are happy with them?
Yes, both companies are complete legit. My Business Venture is ran by a really honest and nice guy. I regularly communicate with him and he is fully committed to satisfying his customers. They provide a more hands on approach to having an online business and work/help to get you started and running your business. If you have the money and want to more easily create a website this is the way to go, but if you don’t you can build your website from the ground up with Wealthy Affiliate. Both are good options, I feel MBV is more for people with more money to invest with less of the work involved. You will get your money’s worth with them.
THat is great to know.. Thank you
MBV is a great honest company that provides a superior service. I have 100% confidence in this company and I highly recommend it.
I actually bought this so called franchise and I can tell you first hand that it is a total rip off and a scam.
When I initially inquired with the owner, Thomas Stridiron, about the franchise, he called me consistently trying to convince me to buy into it. He made it seem like I would be trained on his proven systems (like any franchise would) to guarantee my success.
What franchise doesn’t want their franchisee to succeed?
It turns out that to get the training one would need to actually be profitable, you would have to shell out an additional $300 – $500 per course!
The Franchise itself costs $5,000. I did the payment plan with $1,000 down and about $100/month.
They make you use their hosting company which runs you about $400/year. I can use my own hosting company for cheaper, but they say you have to host with them to have the “back office”.
Then they have the service fees for the merchant account (which I didn’t use because I didn’t make ONE sale) and that ran about $50/month. There were a few times were they double charged me and I had to complain and had my money refunded twice.
The domain name is ridiculously expensive. They are basically buying it from Go Daddy and charging you more than double. I complained about this and then they transferred it to my Go Daddy account.
It was very frustrating trying to get the store going with zero help. I didn’t know what I was doing.
I bought this franchise thinking that I would actually get an education on how the drop shipping business works so that I can run my store profitably.
With the money I spent, I would have been better off buying a few items wholesale and trying to sell them on eBay or Etsy. I’m just going to call this the school of hard knocks. A very expensive lesson indeed!
The store was stocked with basic items that anyone could buy anywhere. I didn’t get to choose what I wanted for my store. When I asked if I could pick what to sell in my store, I was told that was another package which cost even more money.
So exactly what did I buy here?
They really sell the logo that they create for you. Um…I can create my own logo! As a matter of fact, I can build my own store.
What I really needed to learn was how the business of drop shipping works, which Thomas led me to believe that buying his franchise would do that.
The only thing this business is definitely good at is selling their franchise and scamming people out of money.
I had to tell them to shut it all down because it wasn’t working for me.
They didn’t even show empathy or try to help me in any way. They said I still have to pay the balance, even though I’m not using the store and it never produced income like I was led to believe. They are calling me every day now and threatening to turn my account to collections. I don’t have any money to pay this bill because I didn’t make any money.
So save your money people and learn on your own because “My Business Venture” is a scam.
It is not for everyone as many people can do tasks you mention on their own time. Sorry for your experience, I have dealt with Thomas and he seems very considerate.